Colorado Health Insurance Exam Questions with Correct Answers 2025

Colorado Health Insurance Exam Questions with Correct Answers 2025 IndemnityZ-Z CORRECTZ ANSWERZ MonthlyZ amountZ paidZ toZ individualZ toZ makeZ upZ forZ lostZ earningsZ dueZ toZ insured'sZ inabilityZ toZ work EliminationZ (Waiting)Z PeriodZ-Z CORRECTZ ANSWERZ TimeZ periodZ insuredZ mustZ beZ disabledZ beforeZ benefitsZ begin,Z notZ paidZ retroactively -Z 30,Z 60,Z 90,Z 180Z days BenefitZ PeriodZ-Z CORRECTZ ANSWERZ BenefitsZ paidZ duringZ disabilityZ periodZ orZ untilZ endZ ofZ specifiedZ periodZ ofZ time -TypicallyZ 1Z year,Z 2Z years,Z 5Z years,Z andZ toZ ageZ 65 WaiverZ ofZ PremiumZ-Z CORRECTZ ANSWERZ WaivesZ premiumZ paymentsZ duringZ disabilityZ afterZ initialZ waitingZ period,Z retroactivelyZ effectiveZ toZ beginnin gZ ofZ waitingZ periodZ andZ premiumsZ paidZ duringZ thatZ timeZ willZ beZ refundedZ onceZ benefitsZ begin AdditionalZ MonthlyZ BenefitZ (AMB)Z RiderZ-Z CORRECTZ ANSWERZ PaysZ anZ additionalZ benefitZ amountZ withZ regularZ monthlyZ benefitZ forZ limitedZ periodZ ofZ timeZ (usuallyZ 6Z orZ 12 Z months),Z paidZ evenZ ifZ insuredZ receivesZ governmentZ benefits -WorkZ comp,Z otherZ governmentZ programs SocialZ InsuranceZ SupplementZ (SIS)Z RiderZ-Z CORRECTZ ANSWERZ PaysZ inZ additionZ toZ regularZ disabilityZ policiesZ untilZ Workers'Z CompensationZ orZ SocialZ SecurityZ paymentsZ be gin,Z paysZ onlyZ duringZ policyZ period,Z makesZ upZ forZ gapsZ leftZ byZ governmentZ programs Non-OccupationalZ CoverageZ-Z CORRECTZ ANSWERZ-CoversZ disabilitiesZ thatZ resultZ fromZ non-job relatedZ illnessesZ orZ injuries OccupationalZ CoverageZ-Z CORRECTZ ANSWERZ-CoversZ bothZ job-relatedZ andZ non-jobZ relatedZ disabilities CLASSROOM CLASSROOM CLASSROOM CLASSROOM CLASSROOM CLASSROOM PartialZ DisabilityZ-Z CORRECTZ ANSWERZ PaysZ 50%Z ofZ totalZ benefit,Z personZ returnsZ toZ workZ inZ aZ reducedZ capacity,Z usuallyZ noZ longerZ thatZ 3-6Z months ResidualZ DisabilityZ BenefitsZ-Z CORRECTZ ANSWERZ BasedZ onZ amountZ ofZ incomeZ lostZ dueZ toZ disability,Z ifZ lessZ thanZ statedZ incomeZ reductionZ thenZ noZ benefitsZ wi llZ beZ paid RecurrentZ DisabilityZ-Z CORRECTZ ANSWERZ ProtectsZ employeeZ whoZ returnsZ toZ workZ butZ becomesZ disabledZ againZ dueZ toZ sameZ relatedZ cause,Z mustZ occ urZ withinZ certainZ timeZ frameZ afterZ returningZ toZ work,Z noZ waitingZ toZ receiveZ benefitsZ again Cost-Of-Living-AdjustmentZ (COLA)Z RiderZ-Z CORRECTZ ANSWERZ BenefitZ amountZ canZ increaseZ whileZ receivingZ disabilityZ basedZ onZ ConsumerZ PriceZ Index,Z adjustedZ usuallyZ e veryZ 12Z months FutureZ IncreaseZ OptionZ (FIO)Z RiderZ-Z CORRECTZ ANSWERZ AllowsZ insuredZ toZ increaseZ policyZ benefitsZ withoutZ havingZ toZ provideZ evidenceZ ofZ insurability,Z incomeZ must Z haveZ increased RelationZ ofZ EarningZ toZ InsuranceZ ProvisionZ-Z CORRECTZ ANSWERZ InsurerZ canZ reduceZ benefitZ paidZ toZ disabledZ insuredZ ifZ theirZ incomeZ isZ lessZ thanZ whenZ theyZ boughtZ policy,Z b asedZ onZ averageZ incomeZ overZ 24Z monthZ period AccidentalZ DeathZ andZ DismembermentZ (AD&D)Z RiderZ-Z CORRECTZ ANSWERZ PaysZ principalZ sumZ (fullZ benefit)Z ifZ insuredZ diesZ accidentallyZ orZ losesZ twoZ limbsZ orZ sightZ inZ bothZ eyes,Z capita lZ sumZ (halfZ benefit)Z isZ paidZ ifZ insuredZ losesZ oneZ limbZ orZ sightZ inZ oneZ eye RehabilitationZ BenefitZ-Z CORRECTZ ANSWERZ PaysZ forZ vocationalZ trainingZ toZ prepareZ forZ newZ occupationZ whenZ totallyZ disabledZ andZ canZ noZ longerZ return Z toZ normalZ job,Z continuesZ whileZ insuredZ isZ disabledZ andZ staysZ inZ program MedicalZ ReimbursementZ-Z CORRECTZ ANSWERZ-ReimbursesZ insuredZ forZ medicalZ expensesZ toZ treatZ non disablingZ injury CLASSROOM CLASSROOM CLASSROOM CLASSROOM CLASSROOM CLASSROOM ReturnZ ofZ PremiumZ RiderZ-Z CORRECTZ ANSWERZ RefundsZ statedZ percentageZ ofZ premiumZ afterZ statedZ periodZ ofZ time,Z andZ atZ ageZ 65Z orZ dateZ ofZ death,Z benefi tsZ paidZ areZ subtractedZ fromZ payment ExclusionsZ-Z CORRECTZ ANSWERZ-WarZ orZ militaryZ service,Z suicide/selfZ inflictedZ injuries,Z non commercialZ aviation,Z commissionZ ofZ aZ felony,Z livingZ overseas GroupZ DisabilityZ PolicyZ-Z CORRECTZ ANSWERZ LessZ expensiveZ thanZ individualZ policy,Z usuallyZ percentageZ ofZ payZ insteadZ ofZ statedZ benefit -ShortZ TermZ DisabilityZ (STD)Z-Z 6-24Z months,Z 60-70%Z ofZ income -LongZ TermZ DisabilityZ (LTD)Z-Z 2Z yearsZ toZ ageZ 65 KeyZ PersonZ DiabilityZ-Z CORRECTZ ANSWERZ PaysZ monthlyZ benefitZ toZ businessZ toZ coverZ expensesZ forZ additionalZ help/outsideZ servicesZ whenZ essentialZ p ersonZ isZ disabled BusinessZ OverheadZ ExpenseZ (BOE)Z PolicyZ-Z CORRECTZ ANSWERZ CoversZ certainZ overheadZ expensesZ thatZ continueZ whenZ businessZ ownerZ disabledZ (rent,Z taxes,Z insuranceZ pr emiums,Z utilityZ bills,Z employees'Z compensation) DisabilityZ Buy-SellZ InsuranceZ-Z CORRECTZ ANSWERZ WillZ provideZ fundsZ neededZ toZ executeZ anZ agreementZ toZ buyZ outZ theZ interestZ ofZ aZ businessZ owner/partnerZ whoZ becomesZ disabledZ andZ canZ noZ longerZ contributeZ toZ business SocialZ SecurityZ DisabilityZ BenefitsZ-Z CORRECTZ ANSWERZ NotZ designedZ toZ replaceZ totalZ earnings,Z primaryZ insuranceZ amountZ (PIA)Z calculatedZ usingZ percentageZ ofZ in comeZ overZ workingZ years -Z FullyZ insuredZ =Z 10Z yearsZ orZ 40Z credits -Z 5Z monthZ waitingZ period -Z DisabilityZ mustZ lastZ 12Z months BasicZ Hospital,Z Medical,Z andZ SurgicalZ PoliciesZ-Z CORRECTZ ANSWERZ-LowZ coverageZ limits,Z noZ deductibles CLASSROOM CLASSROOM CLASSROOM CLASSROOM CLASSROOM CLASSROOM MajorZ MedicalZ InsuranceZ-Z CORRECTZ ANSWERZ BroaderZ coverage,Z higherZ maximumZ limits,Z moreZ expensive -Z SupplementalZ majorZ medicalZ Z backZ upZ toZ basicZ policy,Z insuredZ paysZ corridorZ deductibleZ toZ beginZ thisZ plan -Z ComprehensiveZ majorZ medicalZ-Z standZ aloneZ plan,Z benefitsZ availableZ afterZ deductibleZ isZ paid MajorZ MedicalZ CoveredZ ExpensesZ-Z CORRECTZ ANSWERZ HospitalZ stays,Z equipment,Z services,Z ambulanceZ serviceZ toZ andZ fromZ hospital,Z emergencyZ roomZ care,Z x rays/radiology,Z prescriptionZ drugsZ administeredZ inZ hospital,Z blood/plasma,Z oxygen,Z dentalZ servicesZ fromZ in jury,Z rehab,Z homeZ health,Z prostheticsZ whenZ originallyZ purchased,Z casts/splints/crutches/etc,Z hospiceZ care DeductiblesZ-Z CORRECTZ ANSWERZ InsuredZ paysZ upZ toZ certainZ amountZ ofZ medicalZ expensesZ perZ yearZ beforeZ coverageZ begins -Z FamilyZ deductibleZ-Z entireZ familyZ paysZ certainZ amountZ asZ opposedZ toZ eachZ individualZ inZ theZ family CoinsuranceZ-Z CORRECTZ ANSWERZ InsuredZ paysZ certainZ percentageZ ofZ medicalZ expensesZ afterZ deductibleZ hasZ beenZ paid Usual/Reasonable/CustomaryZ ChargesZ-Z CORRECTZ ANSWERZ BasedZ onZ geographicalZ area,Z policyZ willZ payZ ifZ theZ provider'sZ chargesZ areZ inZ lineZ withZ theZ amountZ otherZ pro vidersZ inZ theZ areaZ chargeZ forZ thatZ serv